I'd be wasting my time to apply for a bursary, right?

[lljkk]

6th form entry, tuition = £15,500 per year.
2 parent earning household, we are 15 yrs+ away from retirement.

School website says bursary very unlikely if ...
our gross income above £60k/yr (doesn't apply),
or if
our net worth > £330k (does apply, b/c no mortgage on the house).

They would expect us to mortgage the house, right, so we are over the assets threshold? Does the house equity count same as a cash asset?

The form is long & requires a huge amount of paperwork. I don't want to waste time filling it in with no prospect of success... so wanted to use MN as sounding board. TIA.

I’m totally shocked that someone with £100 million worth of assets would apply for bursary. It makes me sick. No wonder bursary application has become even more complicated.
I am lucky to have two kids now on full bursary but prior to that, I paid my youngest child’s pre prep fees from reception to year 2 as they didn’t offer bursary. Her pre prep were very supportive and allowed me to pay as much as I could over a longer period without interest. I was on very low income of less than £20k. It was my choice to send her there for many reasons and I was happy to pay even though I didn’t earn a lot. In fact I’m grateful for the opportunity they gave her.

Sickening isn’t it? I couldn’t believe the nerve of it. This was a very extreme case and thankfully not the norm. This is why the bursary process can feel so intrusive though. I feel genuinely sad for people who don’t even enquire as they feel they will never get it.

If you have a real need then there’s nothing to fear.

Wait,

Income £47k
£330k+ house with NO MORTGAGE
Grandparents contribution will mean you only have to pay £5k a year for 2 years + transport costs etc = roughly £12k.

So with £47k income and no housing costs you want help finding £6k a year!? I think the school will think you're taking the piss OP. And I'd agree with them! (Unless you are going to tell us you have 5 disabled kids to look after or something).

We weren't eligible as we earned too much. 2 children Joint income of 60k - 1 family car (quite large but needed because dh has to carry bulky equipment for work) Mortgage of £60k (house bought for £90k but now worth £140k). Holidays in a caravan in the U.K.

Ah nuts. DD is accepted to private school, but they want a £500 non-refundable deposit on 9th January. DD hasn't even had interview yet for the state college she likes (30th January). I can't tell what happens if don't make the deposit. They aren't over-subscribed. But DD would probably lose her place on their special Scholar programme (am not sure how special that is, either).

Doesn't feel fair on DD to insist she make the final decision before she's even had the state school interview.

Likely to have argument with DH about whether to pay the £500 or not.

Also over Christmas need to finally ask Granny about if she'll help pay. If she says No then the matter is settled, anyway.